Tag: Cardano

SWIFT Enters Construction Phase of Its Blockchain Shared Ledger With 40+ Global Banks — Real Tokenized Deposit Payments Across 200+ Countries Now Scheduled for 2026 as the World's Most Systemically Important Financial Network Makes Its Most Consequential Technology Bet

On March 29, 2026, SWIFT announced its blockchain-based shared ledger has completed its design phase and entered the construction phase of its first MVP iteration. MVP planned to go live with real-world transactions in 2026 across 200+ countries. 40+ financial institutions participated in the design — up from 30 at Sibos September 2025. Participating banks include JPMorgan, HSBC, Deutsche Bank, MUFG, NatWest, RBC, Standard Chartered, Wells Fargo, Westpac, Societe Generale-FORGE, and others. Ledger uses tokenized deposits for 24/7 cross-border payments, reuses existing compliance processes, supports multiple settlement methods. Chainlink provides blockchain interoperability with ISO 20022 standards. Advanced use cases: programmable corporate payments, FX PvP, securities cash movements. Compatible with CBDCs, stablecoins, Ripple, Stellar.